The Hinduja Group is assessing options to pick up a stake in crisis-ridden Jet Airways, said Dheeraj G Hinduja, chairman of commercial vehicle maker Ashok Leyland, which is part of the business conglomerate.
Media reports this week said that the group was interested in investing around Rs 1,000 crore to Rs 1500 crore in the airline. Hinduja’s confirmation comes after reports that the group is in talks with various stakeholders, including Abu Dhabi-based Etihad Airways.   
Jet Airways stock recovered 14 percent on Tuesday after media reports said the Hinduja Group had manifested its interest in picking up a minority stake in Jet.
Mediations between Hinduja Group and Etihad Airways was reportedly going slow. Officials of Hinduja Group met Etihad executives’ on Thursday at the Etihad headquarters in Abu Dhabi to discuss the deal.
Top executives of State Bank of India (SBI), which leads the lenders’ consortium, were also present at the meeting in Abu Dhabi, the corporate headquarters of Etihad.
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